The penniless son of the penniless ...

Chapter 69: Proud Zhao Nangao
"And didn't you notice that the boss wasn't as concerned about this matter as before?"

Listening to Wu Mingxi's advice, Wu Xiuying finally realized the change in Zhang Junfeng's demeanor. It seemed that her cousin was much more observant than she was!
"Then what next..." Wu Xiuying was a little confused and didn't know what to do for a moment.

"The next step is to continue to organize and familiarize ourselves with the information of the shareholders of Hanjin Shipping! As for the acquisition of the entertainment company, as long as the boss doesn't mention it again, this matter will be over!"

Wu Mingxi's words quickly helped her untie the knot in her heart. Instead of dwelling on the past, she might as well look to the future, do future things well, and use future success to cover up past failures!
Wu Xiuying, who had figured it out, seemed relieved and showed a long-lost smile, "Thank you, Mingxi Oppa, I will work hard to prepare the information and will not fail again!"

"Then I look forward to your performance, come on!" Wu Mingxi nodded with a smile.

--------Dividing line------

On Tuesday morning, Hanjin Shipping's extraordinary general meeting of shareholders was held as scheduled.

Zhang Junfeng, Wu Mingxi, Wu Xiuying and KB Bank representative Park Yuquan came to the shareholders' meeting and waited for the results of the meeting.

Many people were quite curious about the personnel from KB Bank. Most of the other companies and individual shareholders attended with one or two people, but why were there four or five of them?
The representatives of large enterprises who had more vivid memories looked at Zhang Junfeng, the familiar young man, several times, and whispered uncertainly with the people around them. It was obvious that the other party might have recognized Zhang Junfeng's special identity as the son-in-law of the Five Star Group.

……

As time approached, the meeting time officially arrived. The subordinate reported the situation to Zhao Nangao. Most of the company's shareholders had arrived, and only a few small shareholders were not present.

Zhao Nangao nodded and glanced with a complicated expression at Zhang Junfeng who was still whispering with Wu Mingxi in the distance. The anger in his heart was beyond words.

……

Two days ago, after Zhang Junfeng brought people to the house to collect debts, he asked someone to find out the other party's detailed information, and at the same time, he went home and severely scolded his beloved daughter Zhao Xianwan who was overly spoiled by his wife.

However, Zhao Xianwan had never thought that the man she humiliated at that time would actually be the son-in-law of the Five Star Group. Even so, she still did not think that there was nothing wrong with her behavior. After all, he was just a son-in-law, so what if she insulted him? !

But when Zhao Nangao told her that the man she insulted and looked down upon had brought people from KB Bank to collect the debt, and even pointed out that they were coming for her, Zhao Xianwan! And if Han Jin Shipping could not repay the loan, they would convert the loan they had provided into shares of the company, diluting his shares and shaking his management rights as the president, Zhao Xianwan was a little panicked!
Isn't it because her father is the president of Hanjin Shipping and her grandfather is the chairman of Hanjin Group that she is so arrogant? !

Once her father lost the management rights of Hanjin Shipping, half of her proud life experience would be gone in an instant. As for whether her grandfather Zhao Chongxun would hate her because she was the "culprit" who caused his father's failure, it was hard to say!
But now that things have developed to this point, what's the point of regretting? How could the other party accept reconciliation after insulting them so harshly? All I can do is grit my teeth and hold on, and face the other party's revenge!
……

When Zhao Nangao announced that he would convert the huge overdue loan from KB Bank into the company's shares, people in the conference hall began to talk about it. Although they had long known that Hanjin Shipping's financial situation was quite bad, they never imagined it would be so bad!

Moreover, KB Bank’s actions were beyond their expectations!
Although this large loan is undoubtedly a bad debt, KB Bank has converted this bad debt into shares of Hanjin Shipping. Isn’t it afraid that after being deeply tied to Hanjin Shipping, it will suffer even greater losses if it is not careful?

Although they were puzzled, their attitudes were very tacit when they expressed their opinions. Since the other party took the initiative to jump into the pit, they had no reason to refuse? Anyway, there was nothing wrong with having more "brothers in distress" who lost money and suffering together!
……

After Zhao Nangao announced the approval of the vote, the huge loan previously owed to KB Bank was converted into 18.5% of the equity of Hanjin Shipping, and KB Bank successfully became one of the top four shareholders of Hanjin Shipping!
Seeing that the matter was over, Zhao Nangao, who was in a bad mood, was about to announce the end of the shareholders' meeting. At the suggestion of Zhang Junfeng, Park Yukwon, a director of KB Bank, stood up and raised an objection!

"Wait a minute! Taking advantage of this extraordinary shareholders' meeting, we, KB Bank, propose to remove the current president Zhao Nangao and elect a new president to lead Hanjin Shipping out of its current predicament!"

There was an uproar at the scene when Park Yuk-kwon made the sudden proposal. Most people did not expect that KB Bank's backstab would come so quickly! Zhao Nan-gao had just announced that KB Bank had become a shareholder, and the proposal to replace the company's president was like a sharp dagger stabbing directly into his back!
Zhao Nangao's eyes widened, and he angrily denounced Park Ok-kwon's shameless behavior, wishing he could beat the bastard up right on the spot! But Wu Mingxi, who was well prepared, stood up and spoke in support of Park Ok-kwon. According to the domestic corporate management law, Director Park's behavior was completely legal and compliant, and there was nothing wrong with it.

Zhao Nangao's blood pressure soared due to the stimulation. He glared at the two of them angrily, then suppressed his anger and continued with the second round of resolution.

In his opinion, the main purpose of KB Bank's eagerness to jump out and do this at the shareholders' meeting was to humiliate him as the chairman and to "avenge" Zhang Junfeng.

But the next voting session made him dumbfounded! The representative of Shinhan Bank, the second largest shareholder who was supposed to support him, actually voted in favor! In addition, several small shareholders who ranked lower also voted in favor!

After on-site statistics, the number of votes in favor reached 45.7%, just 4.4% away from passing this proposal!
This thrilling scene made Zhao Nangao breathe a sigh of relief. It seemed that he had underestimated the power of KB Bank and the son-in-law of the Five Star Group! He actually got the support of so many people in such a short time!

"Hmph! Even if I won over so many people, this vote still didn't pass?! Do you really think that after running Hanjin Shipping for so many years, I have no connections or relationships with the company's shareholders?!" Zhao Nangao thought with some pride when he saw the other party's "conspiracy" fail.

(End of this chapter)